According to an article in the Las Vegas Review-Journal, Nevada governments are using the underfunded state pension system to boost the income of public employees. The practice costs taxpayers millions of dollars every year. Professor Ed Zelinsky says, “the payments are a symptom of a system bloated with unnecessary expenses and perks. We don’t give them pensions so they can double dip,” he said. “We give them pensions so they can retire.”
For the complete article, visit Las Vegas Review Journal.